Last night, Bitcoin once again dropped to around 85,000. Over the past month, it has been falling whenever it encounters resistance, with the trend remaining unchanged. The original plan yesterday was to short around 90,500, but the target was never reached. Recently, the entry points are always just a hair away from success.

Today’s structure: Bearish dominance, with a slight short-term correction, but the strength is limited. The main strategy remains “short on rebounds.”
Resistance levels: 86,500 / 87,000 / 87,500, strong resistance at 88,100-89,000
Support levels: 85,500; if broken below 84,700, it’s likely to test 81,000. In extreme cases, before the end of the month, test 76,000–74,000 (major cycle support zone).
Indicators: TD, MACD, SKDJ currently show no clear bottom signals.

Market characteristics: Asian session has low volume, high uncertainty; early morning long positions are almost exhausted after the 1-hour indicator correction. During the day, as long as 85,500 is not broken, the tendency is to rebound and test the upper resistance levels. If the rebound cannot break resistance, it’s a sign to go short; but note to keep positions light, reduce or add in batches; strictly set stop-loss just outside whole numbers and fine-tune.

Tonight at 21:30, Non-Farm Payrolls will be released. Be sure to implement risk control measures in advance.

Non-Farm Payrolls
Release < 5, bullish for BTC
Release > 5, bearish for BTC

Unemployment Rate
Release > 4.4, bullish for BTC
Release < 4.4, bearish for BTC

If both data points move in the same direction, it’s a strengthening signal; if one is bullish and the other bearish, expect initial volatility and watch the US stock market performance.